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4w ago

Prosus Expands India Focus with $1 Billion Cheque Sizes and IPO Plans

The global investor reaffirms its commitment to Indian ventures, prioritizing AI-powered edtech and ecosystem businesses while preparing five portfolio companies for public listings.

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Overview

  • Prosus has invested $9 billion in India across 35 companies and plans to increase cheque sizes up to $1 billion for future investments.
  • The firm remains optimistic about AI-driven edtech despite a $493 million loss on BYJU's, emphasizing a long-term, risk-tolerant strategy.
  • High-frequency ecosystem businesses, including delivery, payments, and e-commerce, are central to Prosus's investment thesis in India.
  • Five portfolio companies, including Meesho and PayU, are reportedly nearing IPOs, with Urban Company and BlueStone filing draft papers with SEBI.
  • Prosus CEO Fabricio Bloisi highlighted the firm's ability to balance setbacks like BYJU's with successes such as a $2 billion gain from Swiggy's IPO.